September 23, 2008

Paulson Plan

Want to get a sense of exactly how expensive the Paulson Plan is?

1 million seconds is 11 days

1 billion seconds is 32 years

1 trillion seconds is 3 centuries

If we take on as much debt as Paulson wants (well over a trillion dollars) and we pay it back at the rate of a dollar per second, it would take 3 centuries to repay. And that assumes its "only" a trillion dollars . . . it could be much, much more.